Costamare Keeps Dividend Steady
Containership owner and provider Costamareannounced yesterday its second-quarter dividend of $0.27 per share, the same rate it's paid since late 2011.
The board of directors said the quarterly dividend is payable on Aug. 7 to the holders of record at the close of business on July 24. The containership owner has made quarterly payouts to investors since 2011 and raised the payout 8% after just three payments.
The regular dividend payment equates to a $1.08-per-share annual dividend, yielding 6% based on the closing price of Costamare's stock on July 10.
The article Costamare Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.